| 16.10.2008 - UK housing crisis less severe than in US |
| From Investmentinternational.com: A report from UBS indicates that the UK property market is again in the midst of ‘correction’, though the situation is not as severe as in the US. Forecasts vary widely as to how much house prices may decline,but the UBS analysis suggests a drop of 15-20% is possible in both the UK and the US. Liquidity is drying up fast as a result of the dislocation in financial markets and, in turn, mortgage approvals continue to decline..... Full Article: Source |